$250,000 Raised Already as Crypto Experts Shift Their Attention to This New Meme Coin, Signaling Dogecoin’s Potential Decline to Zero
Dogecoin (DOGE) has seen a slight increase in price, rising by 0.5% in the past 24 hours to reach $0.067791. The overall cryptocurrency market has also seen a 1% gain. Over the past week, DOGE has increased by 2.5%, and over the past fortnight, it has risen by 9%. However, it remains down by 6.5% in the last 30 days and down by 3.5% since the beginning of the year. In comparison, Bitcoin (BTC) has seen an 85% increase since January 1.
Despite its recent struggles, DOGE’s chart shows some promising signs. Its 30-day moving average has risen above its 200-day moving average, forming a ‘golden cross’ pattern that often indicates a breakout. The relative strength index suggests momentum is leaning towards further gains. DOGE’s support level has also held up well, indicating that it may not fall much further in the short-to-medium term.
However, DOGE continues to lack positive adoption or development news. The hope of integration with Twitter remains remote, and without clear indications of major developments, a big rally for DOGE this year seems unlikely.
In contrast, a new meme token called Thug Life Token (THUG) has already raised $250,000 in its presale. It has aligned itself with the gangsta rap and hip-hop communities and aims to attract attention from these communities. The token has a maximum total supply of 4.2 billion, with 70% reserved for the presale. The presale will end after reaching its hard cap of $2,058,000. Traders have a limited window of opportunity to buy THUG, which may sell out soon.
Given the success of meme tokens this year, THUG has the potential for a strong rally when it lists on exchanges in the next few weeks. Investors can participate in the presale on the official Thug Life Token website using ETH, USDT, or fiat currency. However, it’s important to note that cryptocurrency investments carry a high risk, and this article is provided for informational purposes and does not constitute investment advice.